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  • Karen Berman: Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

    Karen Berman: Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

  • Harvard University Press: Financial Intelligence
    CFO.com "It's like The Elements of Style of finance." Book Description Understanding the Financials—and What Lies Behind Them Managers in every business are expected to use financial data to make decisions, allocate resources, and budget expenses. But the truth is, many are uncomfortable applying the most basic financial tools in their day-to-day work. Even managers who consider themselves financially savvy may not understand what goes into a financial statement, and so may take the numbers as gospel when they should be questioning them. In Financial Intelligence, Karen Berman and Joe Knight present the essentials of finance, but with an extra dimension. Succinct, easy-to-read chapters teach the fundamentals in a way that everyone can understand and put to work right away. But the authors also take you behind the scenes, to show where the numbers come from. Since nobody can quantify everything, accountants and finance executives always rely on estimates, assumptions, and judgment calls, which can skew the numbers in one direction or another. This book helps you recognize and understand those biases, challenge or correct for them when necessary, and use this information to be a better manager. Based on their work training tens of thousands of managers and employees at many leading organizations, Berman and Knight provide readers with a deep understanding of: The basics of financial measurement: reading income statements, balance sheets, cash flow statements, and moreThe art of finance: separating hard data from assumptions and estimatesThe mechanics of analysis: calculating ratios, return on investment, and working capitalCash and profit: knowing the difference between them, and why cash is suddenly the "hot" number in corporate boardrooms and on Wall StreetFinancial literacy and transparency: recognizing how they can boost performance Accessible, jargon-free, and filled with entertaining stories from real companies, Financial Intelligence will help nonfinancial managers add substantially more to their companies’—and their own—success. If you have ever wanted to "talk numbers" confidently with your colleagues, this is the book for you. (*****)
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Wednesday, August 30, 2006

Merdeka, Merdeka dan Merdeka lagi..

As the leaders of the next generation, the young in Malaysia often fail to appreciate the independence brought by Tunku who won the the first federal elections held in 1955.

The UMNO-MCA-MIC Alliance, headed by Tunku Abdul Rahman, won an overwhelming victory (51 out of the 52 seats contested), and the Tunku was appointed the Federation's first Chief Minister. The Alliance was successful in pressuring the British to relinquish their sovereignty in August 1957.

Now that Malays and Malaysians alike have independence, we should take the intitiative to progress forward and not be caught up in social agendas. Many of the young are influenced by the circular way of thinking. It is the fortunate few whom have experienced the battle ground who rarely emerge victorious through this circle of life.

I am sure back in 1957, the act of rejoicing together celebrating independence was a funfilled ocaasion. Today, fun seems to be no longer located in the same meaning as the word suggests in the English Dictionary.

What we can't afford to do is lose the same fight our forefathers started during the second world war right through the Federation of the Malaysian states in 1963. The continuance rememberance and sacrifice of them should always be in our minds each day that progresses. If we lose the desire to protect the independence which was fought 49 years ago, Malaysia shall be no more.

Let us rejoice in the name of the country and put away ill fated feelings behind. A united front is best for all. We celebrate independence once a year when it should really be a daily objective. Each day Malaysians move forward is another day fruitful.

Muhammad.

Posted by MZZ on Wednesday, August 30, 2006 at 05:09 PM in Current Affairs | | Comments (0) | TrackBack (0)